Presidio Property Trust, Inc. (NASDAQ:SQFTW) Sees Large Drop in Short Interest

Presidio Property Trust, Inc. (NASDAQ:SQFTW) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 922 shares, a decrease of 73.4% from the August 31st total of 3,468 shares. Based on an average trading volume of 7,884 shares, the short-interest ratio is presently 0.1 days.

Presidio Property Trust Stock Performance

Shares of SQFTW opened at $0.01 on Friday. The company has a 50-day moving average of $0.01 and a two-hundred day moving average of $0.02. Presidio Property Trust has a 12-month low of $0.01 and a 12-month high of $0.05.

Presidio Property Trust Company Profile

Presidio is an internally managed, diversified REIT with holdings in model home properties which are triple-net leased to homebuilders, office, industrial, and retail properties. Presidio's model homes are leased to homebuilders located in Arizona, Illinois, Texas, Wisconsin, and Florida. Our office, industrial and retail properties are located primarily in Colorado, with properties also located in Maryland, North Dakota, Texas, and Southern California. While geographical clustering of real estate enables us to reduce our operating costs through economies of scale by servicing several properties with less staff, it makes us susceptible to changing market conditions in these discrete geographic areas, including those that have developed as a result of COVID-19.